Vontobel Holding Ltd. Sells 1,366 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vontobel Holding Ltd. trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 39.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,140 shares of the transportation company’s stock after selling 1,366 shares during the period. Vontobel Holding Ltd.’s holdings in C.H. Robinson Worldwide were worth $221,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRW. Venturi Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares in the last quarter. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $41,000. Quarry LP boosted its holdings in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after buying an additional 171 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after buying an additional 316 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $52,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Trading Up 0.5 %

Shares of C.H. Robinson Worldwide stock opened at $100.88 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The firm has a market cap of $11.98 billion, a PE ratio of 26.20, a P/E/G ratio of 1.15 and a beta of 0.82. The stock has a fifty day moving average price of $102.86 and a 200-day moving average price of $104.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CHRW. Barclays upped their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Citigroup lowered their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $117.17.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.